Car Parking Technologies Limited advised the appointment of Mr. Paul Gillespie as its new Chief Executive Officer. Mr. Chris Morris remains acting CEO of Town & City Parking Ltd. with both Mr. Gillespie and Mr. Morris reporting directly to the Board. Mr. Gillespie was most recently General Manager of Affiliated Computer Services, Inc's. Prior to that, Mr. Gillespie was the UK Sales Manager for that business.

Mr. Gillespie brings with him significant management capability and a broad experience in sales and marketing which will benefit the company in its current state of development. Mr. Gillespie shall assume the role of Chief Executive Officer and join the Board of Directors from January 7, 2013. In the interim, Mr. Chris Morris shall assume the role of CEO.